03.12.20

February Compliance Recap: Roadmap to LIBOR Retirement

February brought the first major regulatory changes with Fannie Mae and Freddie Mac rolling out new the ARM regulations alluded to late last year. The GSEs announced plans for the gradual elimination (and replacement) of their ARM programs, which use LIBOR as the index for setting the adjustable interest rate. We have been working quickly to update documents but expect to see more changes and will alert you as more information becomes available.

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03.05.20

4 Steps for Lenders Implementing eClose

In order to successfully introduce and deploy new technology, proactive change management is critical.  As eClose adoption gains momentum, lenders who recognize the importance of laying the proper foundation early are experiencing positive adoption of this digital closing process. In collaboration with our partners at Simplifile, we have created a comprehensive guide for lenders interested in implementing eClose. Here are four key steps that every lender should consider. For a more comprehensive guide to implementing an eClose strategy, download, “E Closing: Lender Best Practices.”

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02.13.20

Case Study: Discover and Docutech Bringing the eMortgage Experience to Home Equity Loans

Discover Home Equity Loans (Discover) is among the most innovative companies in the mortgage industry, and the six-year old mortgage arm of Discover Financial Services (NYSE: DFS) has outpaced home equity loan growth at other banks and credit unions, becoming the largest provider of closed-end second mortgages and growing to more than $1 billion in home equity loan balance in 2019.

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02.06.20

January Compliance Recap: State Document Updates

This month’s changes were geared mainly toward document updates. In this post, you’ll find links to some of the work our experts were engaged in last month to keep our clients up to date and fully compliant. We bring you all the news in this month’s compliance update.

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01.16.20

The Fate of the QM Patch

How can mortgage lenders best navigate the fine line between reducing the risk of lending to highly leveraged borrowers and making homeownership available to more people? Over the decades, the pendulum has swung between tight lending standards that are safer (but more restrictive) and looser standards intended to help first-time homebuyers, lower income borrowers, or those with student loan debt.

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01.07.20

December 2019 Compliance Roundup: CCPA, URLA Implementation Timeline and More

There wasn’t a lot of investor activity in December, as you might expect, given the holidays. The states were likewise fairly quiet last month. But our compliance team was quite busy.

In this post, you’ll find links to some of the work our experts were engaged in last month to keep our clients up to date and fully compliant. We bring you all the news in this month’s compliance update.

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